Left will cut superannuation

Labour and the Green Party it will almost certainly need as a coalition or support partner both want to increase taxes.

Superannuation is based on the average after tax wage.

When taxes drop and the average after tax wage increases, as it has under National, superannuation increases too.

When taxes increase, the average after tax wage falls and superannuation will too.

This is the law of unexpected consequences that hits policies based on ideology rather than reason.

How will they explain an income drop to the 65+ age group who are already wary about Labour’s suggestion that the age of superannuation should increase?

What baubles and election bribes will they have to throw Winston Peters’ way to get him to agree to a super cut when the New Zealand First constituency is in the age group most likely to be detrimentally affected?

Advertisements

Rate this:

Share this:

Like this:

LikeLoading...

Related

This entry was posted on Monday, September 2nd, 2013 at 7:55 am and is filed under politics. You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.